OPEC’s Production Rises In March As Iran Boosts Output ...Middle East

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OPEC’s Production Rises In March As Iran Boosts Output
source : OILPRICE ( Middle East ) () 20
A large increase in Iranian oil production pushed overall OPEC oil output higher in March compared to February, the monthly Reuters survey found on Wednesday, suggesting that higher supply from members exempt from the OPEC+ cuts could spoil the cartel’s efforts to rebalance the market. OPEC’s crude oil production increased by 180,000 barrels per day (bpd) from February to stand at 25.07 million bpd in March, according to the Reuters survey of OPEC sources, sources at oil firms, and tanker-tracking data. The biggest contributor to the…

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